Advance Metals Limited (ASX: AVM) has reported strong new drilling results from its 100 percent owned Yoquivo Silver-Gold Project in Chihuahua, Mexico, confirming the scale and continuity of mineralisation ahead of an expected Mineral Resource upgrade later this month.
The latest drilling has returned broad high grade silver and gold intersections at the Pertenencia deposit and extended mineralisation across multiple prospects, reinforcing Yoquivo’s potential to evolve into a scalable silver-gold development opportunity.
A key result from hole YQ-26-018 intersected:
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67.88 metres at 134g/t silver equivalent (AgEq) from 305.9 metres
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Including 23.89 metres at 257g/t AgEq
The hole was drilled as a scissor hole in the opposite direction to previous drilling, confirming the scale and continuity of mineralisation in multiple directions.
Commenting on the latest results from drilling at Yoquivo, Advance’s Managing Director and CEO Dr Adam McKinnon said:
“These results represent a potential inflection point for Yoquivo. The confirmation of broad, high grade silver-gold mineralisation from opposing drill orientations significantly strengthens our confidence in the emerging resource potential at Pertenencia.”
“Importantly, the scale and continuity now being demonstrated supports a reassessment of development scenarios beyond the original narrow vein underground concept.”
“With drilling continuing across multiple prospects and a resource upgrade expected within weeks, Yoquivo is rapidly evolving into a scalable silver-gold development opportunity with multiple growth pathways.”
Resource expansion potential emerging
The results follow an extensive historic core resampling program that identified broad zones of contiguous moderate grade mineralisation within the central portion of the Pertenencia deposit.
Notable historic intersections include:
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144m at 93g/t AgEq
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66.45m at 83g/t AgEq
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83.3m at 69g/t AgEq
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97.63m at 61g/t AgEq
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44.78m at 100g/t AgEq
These intersections highlight the potential for a higher tonnage deposit, supporting the possibility of development scenarios that incorporate both underground and open pit mining approaches.
Mineralisation extended across multiple prospects
Beyond Pertenencia, drilling has also delivered encouraging results from the Esperanza and San Francisco prospects.
At Esperanza, located approximately 2.7 kilometres west of Pertenencia, step-out drilling has doubled the strike extent of known mineralisation, including:
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10.4m at 102g/t AgEq from 120.6m
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Including 2.45m at 204g/t AgEq
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1.82m at 231g/t AgEq from 178.73m
Mineralisation remains open along strike to the north and south and at depth, highlighting strong potential for further resource growth.
At the San Francisco Prospect, approximately 700 metres west of Pertenencia, drilling intersected high grade intervals including:
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1.3m at 183g/t AgEq, including 0.3m at 727g/t AgEq
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3.85m at 90g/t AgEq, including 0.3m at 333g/t AgEq
These results confirm the presence of additional mineralised systems within the broader Yoquivo project area.
Resource upgrade expected this month
Advance Metals is continuing diamond drilling across multiple prospects at Yoquivo, with further assay results pending.
An updated JORC Mineral Resource Estimate is expected in late March 2026, which will assess both high grade underground resource potential and the potential for bulk tonnage open pit development scenarios.
Next steps
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Updated JORC Mineral Resource Estimate expected in late March 2026
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Ongoing drilling at Pertenencia and regional targets
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Assessment of bulk tonnage open pittable resource potential
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Continued regional exploration targeting additional vein systems
About us:
About Advance Metals
Advance Metals Limited (ASX:AVM) is an Australian-based exploration company focused on the discovery and development of high-quality, high-grade silver and gold assets in Mexico. With an experienced management team and a strategy underpinned by aggressive exploration and strategic growth, the Company is positioned to become a significant participant in the silver-gold sector.
Contact details:
Jane Morgan
Investor & Media Relations Manager
Advance Metals Limited
+61 (0) 405 555 618
[email protected]
